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Empirical study regarding the relation between the Romanian banking system and economic growth

Author

Listed:
  • Alina Georgiana MANTA
  • Roxana Maria BADÎRCEA

    (University of Craiova)

Abstract

This paper has analysed the impact of the financial sector growths on the economic growth in Romania during 2000-2010. First of all, the model of Mankiw (1992) has been extended in order to establish the relation between the financial development and economic growth. The model has been assessed afterwards by using the quarterly data for the period 2000 – 2010 in Romania, using the cointegration techniques and the method of the error correction vector. These results suggest amongothers that in Romania, the stock exchanges are not substitutes for the banking system and that one of the factors that can further put their mark on the acceleration of economic growth in our country is the banking system.

Suggested Citation

  • Alina Georgiana MANTA & Roxana Maria BADÎRCEA, 2012. "Empirical study regarding the relation between the Romanian banking system and economic growth," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(14), pages 104-113, December.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2012:i:14:p:104-113
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    File URL: http://feaa.ucv.ro/FPV/014-15.pdf
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    References listed on IDEAS

    as
    1. Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
    2. Joshua Greene & Delano Villanueva, 1991. "Private Investment in Developing Countries: An Empirical Analysis," IMF Staff Papers, Palgrave Macmillan, vol. 38(1), pages 33-58, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic growth; financial development; banking system;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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